Topics regarding layoffs at Charles Schwab Corp.

Topics regarding layoffs at Charles Schwab Corp.

May, post TG predictions

there will be another round of layoffs. They will be labeled as achieving post TG synergy targets. Unfortunately, the EC has already announced twice in the last year that the reduction in force due to integration of TDA is over followed by Walt... — read more 

Walt here! AMA

Anything, but don't expect an answer for everything.

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| 910 views | | 5 replies (last February 21, 2024)
Post ID: @OP+1r7FGYSI

Even more lies

A huge portion of my team is remote, including my direct manager. The reps impacted by RTO were told that reps in the remote positions would not have new roles opening, and not have the same level of career growth. A new manager position has opened... — read more 

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| 1000 views | | 7 replies (last February 21, 2024)
Post ID: @OP+1r7eiZGr

Dallas Morning News

Now is the time. Let's take this board to the survey and tell how great a workplace we have. Lol

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| 710 views | | 4 replies (last February 17, 2024)
Post ID: @OP+1r6MlMfw

I’m so tired

I’m tired of these terrible phone systems. I’m tired of taking calls for departments that aren’t mine when I’m supposed to be a highly specialized department. I’m tired of talking to ancient people who scream at you when you try to answer their... — read more 

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| 710 views | | 2 replies (last February 16, 2024)
Post ID: @OP+1r6VKvGx

Call having legacy people pretending to be java.

Couple of days back I came out of call where MF people pretending to java, and still working on MF. team located in CO, TX . Then I came to know they are migrating there application from last 7 years. If migration is happening for near decade, why... — read more 

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| 740 views | | 8 replies (last February 18, 2024)
Post ID: @OP+1r6UYsDI

Phone system

What is the deal with the phone system? Dealing with upset clients all the time due to tech issues is the last straw for me

Why Schwab is outsourcing ?

I am just curious , if Schwab have more employ Post TDA merge why Schwab not reducing contractors ? Why they are opening project for outsourcing when they can do in house.

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| 770 views | | 7 replies (last February 16, 2024)
Post ID: @OP+1r6zBgmk

“Anonymous” Survey

I was given an opportunity to submit feedback in a more free form manner (this was not the Glint survey). I had to disclose my business unit before filling out the survey, but not my immediate team or location. I was very direct with my feelings... — read more 

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| 890 views | | 2 replies (last February 16, 2024)
Post ID: @OP+1r6giWmj

1:1

My 1:1 meetings were never good, but, jfc. Seven minutes late. 19 minutes about their personal life. No answers to questions asked before. Skips aren’t any better. Why do managers fail so epically to do their one job? And why are they here? — read more 

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| 990 views | | 8 replies (last February 18, 2024)
Post ID: @OP+1r4bje6l

Anyone Successful With Unemployment Claim??

I started the paperwork on 1/5 and got my official rejection/denial this morning... they put me thru the ringer with multiple phone calls to me and contacts to SCHW and validating all SCHW Severance, Vacation Pay, Back Pay, WARN Pay etc. --- I was... — read more 

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| 1000 views | | 14 replies (last February 19, 2024)
Post ID: @OP+1r4dLeyW

Drove by Westlake

For the first time I went by the Schwab Westlake headquarters on Monday and during the middle of the trading day it was dead. There is no way everyone is being forced to return to the office like the other centers. Did you all get exceptions or what?... — read more 

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| 980 views | | 3 replies (last February 14, 2024)
Post ID: @OP+1r4S0Yy1

Just got a nice letter about my stock options.

2023: You’re just so valuable, here are some stock options to keep encourage you to stick around. Of course they don’t start vesting for a year… 2024: What? Did you think we were serious? We’re taking those unvested options (read: ALL OF THEM) back... — read more 

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| 990 views | | 3 replies (last February 14, 2024)
Post ID: @OP+1r4JJpsi

RTO is a farce

Anyone notice how companies across America all implemented the same RTO at the same time time with the same messaging even though it didn’t really make any sense ? It’s like all CEOs get the same HR magazine called, “Slavery Now” and all took a... — read more 

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| 990 views | | 3 replies (last February 14, 2024)
Post ID: @OP+1r4cosIj

Full Circle Karma Moment

I had to laugh at this- had a couple of people leaders of different levels who I’ve worked with reach out making soft enquiries about my new role at a different company. If they were to leave, there would be significant disruption and interruptions... — read more 

Chances of WFH coming back late this year or next year?

I was curious what everyone thinks of this. Heard some people talking the other day in office that apparently WFH might come back later this year or next year. The issue that is happening (at least on the tech side) is that recruiting for those roles... — read more 

Move Your HSA Monday

Remember that Optum is one of the worst HSA custodians out there (shock I know). 0.01% interest and fees. I've been happy with Fidelity, but there are lots out there. Looking at alternatives makes sense whether you're using the account as an IRA or... — read more 

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| 1010 views | | 6 replies (last February 21, 2024)
Post ID: @OP+1r2hbnEL

Ever wonder why Schwab has never offered buyouts to employees instead of just laying off random people?

Schwab knows that the list of people wanting to leave this sinking ship would account for over 25% of the company and it would be an embarrassment. Leadership would have a hard time selling the cr-p they are now on how great our culture is. It is... — read more 

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| 1140 views | | 7 replies (last February 11, 2024)
Post ID: @OP+1qZkcbR2

Friendly Reminder

If you are being targeted and/or thinking of quitting you have three options. You should consider the first item even if you think things are great. Document everything with audio recordings, notes in real-time or immediately after, emails and other... — read more 

Package from Omaha on the way

Was part of the layoffs on 10/30 and I received ups notification that there is a 3 pound package on the way from Omaha. Supposed to receive it tomorrow, anyone receive something similar or know what it is?

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| 1181 views | | 7 replies (last February 13, 2024)
Post ID: @OP+1qYp0l4i

Bonus for Laid off employees

Any update or news on this topic? Do you really think we get a bonus? I cannot imagine getting a bonus, although we are eligible, same managers sho decided to let people go have the power to control the bonus pool, so I think we will get nothing! — read more 

For Those Laid Off, What are you doing with your 401k?

I am by no means a millionaire, but it isn’t chump change either. Curious to hear what have folks been doing. I completely understand the urge to leave/rollover to another firm, but are the fees/terms as favorable?

Pay Transparency

Would anyone want to share their pay for the benefit of others? Please be sure to include job level and position. Be as specific as you want regarding department and position.

SEC Proxy Filing

I encourage everyone to look at Schwab's proxy filing. This is public information filed with the SEC, as all publicly traded companies must do. Simply Google "Schwab Proxy Filing." It details how much our executives are paying themselves, including a... — read more 

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| 1330 views | | 7 replies (last February 9, 2024)
Post ID: @OP+1qXjfMYB

Why do you still work at a company you hate?

I read so many hateful messages here. I don't get it. I don't hate my job. I do dislike some aspects of it and I do admit that things have been going in the wrong direction lately, but that doesn't mean that I am not satisfied here. I fear layoffs... — read more 

Laid off...cant move purchased stock

I got laid off in Oct. It stung at first but I'm employed again and have moved my 401k and brokerage account to a Schwab competitor because well eff you schwab. I tried to move my ESP shares but it said there are restrictions...These werent awards... — read more 

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| 1100 views | | 5 replies (last February 13, 2024)
Post ID: @OP+1qWPbK6Y

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